Global Automotive Position Sensor Market 2017-2021
About Automotive Position Sensor
Automotive electronics, such as microprocessor-based automotive engine control modules, have graced the automotive domain since the 1970s. The use of such electronics helps carmakers to abide by federal emission regulations and at the same time improve vehicle operation. The electronic content of vehicles has gradually risen since that time. The adoption of sensors increased in the late 1990s. One of the most notable automotive sensor technological advances, MEMS technology, was developed well before the 1990s. Position sensors based on MEMS technology were deployed for powertrain and engine control applications.
Technavio’s analysts forecast the global automotive position sensor market to grow at a CAGR of 6.79% during the period 2017-2021 .
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive position sensor market for 2017-2021 . To calculate the market size, the report considers the revenue of position sensors fitted in the passenger cars and commercial vehicles. The estimation is based on position sensors used for powertrain applications and other applications.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Position Sensor Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive position sensor market: Bosch, Continental, DENSO, Delphi Automotive, HELLA KGaA Hueck & Co, and Sensata Technologies
Other Prominent Vendors in the market are: CTS, Infineon Technologies, Methode Electronics, Mitsubishi Electric, NXP Semiconductors, and ZF.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Development of smart position sensor. The position sensors are increasingly witnessing wider application in the modern vehicles. The growing electrification of mechanical components has led to the use of a higher number of automotive sensors in modern vehicles, and position sensor is one the crucial sensor among them. The positions sensor saw development from contact position sensor to contactless sensors, and magnetic sensors in the contactless segment are becoming quite popular in the automotive market.”
According to the report, one of the major drivers for this market is Development of easy-to-use position sensor. Position sensor is a crucial component in the engine management system of modern vehicles. Developments like contactless inductive position sensor (CIPOS) by Hella KGaA Hueck & Co are gaining popularity in the automotive market and leading to wider adoption of position sensor. The CIPOS technology offers precision and easy-to-use position sensor, and the measurement range of both linear and angular sensors can be flexibly designed. In addition to flexibility, this sensor is easy to assemble and not sensitive to mechanical misalignment.
Further, the report states that one of the major factors hindering the growth of this market is Stray field interference in magnetic position sensor. The magnetic position sensor is gaining popularity in the automotive market owing to its reliability against dirt, dust, grease, vibration, and humidity factors, which are common to harsh automotive applications. However, conventional magnetic position sensors are running into a problem due to interference from stray magnetic fields. The stray magnetic fields corrupt the sensor output or reduce the signal-to-noise ratio (SNR). As a result, the automotive market is finding it difficult to comply with stringent risk-management requirements of ISO 26262 Functional Safety Standard set for safety-critical designs. Additionally, rising electrification has increased the risk of stray magnetic field interference in the vehicles.
Bosch, Continental, DENSO, Delphi Automotive, HELLA KGaA Hueck & Co, Sensata Technologies, CTS, Infineon Technologies, Methode Electronics, Mitsubishi Electric, NXP Semiconductors, and ZF.